Feb 01, 2019

Exploration tender winners announced

Exploration tender winners announced Tenders to explore coal reserves in the Bowen and Surat basins have been awarded by the State Government.

The State Government today announced which companies have won minerals and coal tenders for exploration work in Queensland.

The companies have won State Government approval to begin exploring in the North West Minerals Province and the Bowen and Surat basins.

“Unlocking land for resource exploration, whether it is to uncover coal, gas or minerals, is vital to continuing resource development, whether it’s for mining jobs or royalties to fund our hospitals and schools,” Mines Minister Anthony Lynham said.

“Exploration is essential for Queensland to keep up with the world’s thirst for tech minerals and our own manufacturing sector’s ongoing need for high-quality base metals.

“New coal deposits offer energy security and a long-term economic future for all Queenslanders.”

Junior explorer Red Metal Limited will soon be able to seek out new zinc, lead, copper and silver deposits across 400sq km of land located 250km north of Mount Isa.

And four companies, Denham Coal (a wholly owned subsidiary of Pioneer Coal), Queensland Coal Investments Pty Ltd, Enex Togara Pty Limited and Wandoan Holdings Pty Limited will soon be able to commence exploratory work over 369sq km of land in the Bowen and Surat basins.

The areas are located near Moranbah, Blackwater and Taroom.

All explorers have to negotiate land access agreements and fulfil all existing environmental and Native Title requirements before they are granted exploration permits.

The tenders complete the Government’s 2017-18 Annual Exploration Program, released in October 2017.

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